Theater of the Stars Inc
Nonprofit profile at a glance
- EIN
- 581049973
- IRS 990 coverage
- 2011–2012
- Forms available
- Form 990 2012
- Location
- Atlanta, GA, USA
- Phone
- 4042528960
- Rating confidence
- Limited
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $5,764,740
- Expenses
- $6,421,736
- Assets
- $1,611,112
- Liabilities
- $3,538,814
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
7 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Theater of the stars mission has remained largely unchanged for its entire history: to produce and present the best of broadway to atlanta audiences and the surrounding community. In the past decade, tots has expanded its mission to include increasing participation in musical theater by elementary and middle school aged children.
What it reported doing in 2012
In the past fiscal year we successfully offered a full slate of season and extra musicals that captivated our audiences and maintained our position as one of the premier regional musical theater's in the country. We were able to produce and present ten musicals that reached over hundred thousand people in our community. In addition, we achieved critical mass for our primary outreach and education initiative, the junior theater festival (jtf). The jtf is held over mlk weekend in atlanta as a celebration of participation in musical theater for middle school aged children. Originally founded in 2003, the january 2013 festival was the largest and most successful event of all with over 3,000 attendees from all over the world (having grown from 2,100 attendees in 2012). The scale and scope of the festival now makes its future success more dependable as revenues and expenses are more closely matched. It is our belief that the festival provides a unique opportunity to bring together kids who have an interest in musical theater to develop, nurture and support that choice in a fun, safe and challenging environment. Their participation improves their life skills, increases their awareness of the arts community and deepens their overall education.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 65
- Accountability: 74
- Sustainability: 12
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.4%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 2.2; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -53.5% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -7.8% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 4 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $5.7M in reported program spending
- Leadership: top reported pay $180K · 7 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed
- Consistency: 23 of 23 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 2 filing years from 2011 to 2012
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.